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TEXTBOOK: Introduction to the Financial Management 6th or 7th edition by Michael Nowicki. Question 1. You are the new chief executive officer at Memorial Hospital. Memorial is a nonprofit hospital w

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TEXTBOOK:  Introduction to the Financial Management 6th or 7th edition by Michael Nowicki.

Question 1. 

You are the new chief executive officer at Memorial Hospital. Memorial is a nonprofit hospital with 300 beds and is located in a busy metropolitan area directly adjacent to a large university. Memorial is the only hospital within a 20-mile radius of campus but constructed on a new, competing hospital that has just started within five miles. Identify three forecast content items. How will they be measured and what is the expected status of the content items in the future? Which forecasting techniques should you use? Why?

Question 2

It discusses Budgeting.  (without concentrating on the math) What is the overall concept of this and why is it done (how does it benefit managers)?

Question 3

Review the Ratio Analysis Practice Problems. What is the overall concept of these (as a whole) and why is it done (how does it benefit managers)?

Question 4

Think about everything that is happening right now with health care change in this country, what do you think about our present and future in terms of healthcare in this country?

Question 5

You are the financial manager of clerk Pediatrics Center and you have a meeting with the board of directors in a month. You need to create a financial analysis of the organization. You have also been asked to compare Clark Pediatrics to other pediatric healthcare organizations in the area to create a trend comparison, What must you do to complete a financial analysis?  What information do you need for both horizontal analysis and vertical analysis? What sources can you use for comparison? What kind of decisions can be made regarding this information?

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